Latham Group, Inc. $SWIM Stake Cut by Ewing Morris & Co. Investment Partners Ltd.

Ewing Morris & Co. Investment Partners Ltd. lessened its holdings in Latham Group, Inc. (NASDAQ:SWIM) by 63.5% in the second quarter, HoldingsChannel.com reports. The firm owned 211,459 shares of the company’s stock after selling 368,199 shares during the period. Ewing Morris & Co. Investment Partners Ltd.’s holdings in Latham Group were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its holdings in shares of Latham Group by 83.9% during the second quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock worth $27,000 after purchasing an additional 1,921 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Latham Group in the 2nd quarter valued at about $29,000. Summit Securities Group LLC bought a new stake in shares of Latham Group during the 1st quarter valued at about $30,000. Covestor Ltd grew its position in shares of Latham Group by 153.0% during the 4th quarter. Covestor Ltd now owns 5,576 shares of the company’s stock valued at $35,000 after buying an additional 3,372 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Latham Group during the fourth quarter worth about $55,000. Institutional investors own 83.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SWIM. Weiss Ratings raised shares of Latham Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Zacks Research lowered Latham Group from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. The Goldman Sachs Group reiterated a “sell” rating on shares of Latham Group in a research report on Wednesday, May 6th. Finally, Barclays raised their price target on Latham Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Latham Group has an average rating of “Reduce” and a consensus price target of $7.83.

Latham Group Stock Down 0.1%

Latham Group stock opened at $6.87 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.44 and a current ratio of 2.16. Latham Group, Inc. has a one year low of $4.64 and a one year high of $8.97. The company has a 50-day simple moving average of $6.47 and a 200-day simple moving average of $6.03. The firm has a market capitalization of $808.26 million, a P/E ratio of 137.40, a P/E/G ratio of 1.50 and a beta of 1.72.

Latham Group (NASDAQ:SWIM) last posted its earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The firm had revenue of $197.47 million for the quarter, compared to analyst estimates of $188.39 million. Latham Group had a net margin of 0.92% and a return on equity of 1.31%. As a group, equities analysts expect that Latham Group, Inc. will post 0.16 earnings per share for the current year.

About Latham Group

Latham Group, Inc designs, manufactures and supplies a broad range of aquatic products and services for residential and commercial applications. Offerings include fiberglass and vinyl-liner pool shells, commercial water park structures, water slides, surf simulators, pumps, filters, heaters and sanitation systems. The company also provides parts, equipment and technical support for pool installation, maintenance and repair.

Operating across three core segments—commercial, residential and aftermarket—Latham delivers turnkey aquatic facilities and attractions for municipal, hospitality and resort clients, offers packaged pool kits and equipment packages to builders and dealers, and supplies replacement parts, service contracts and technical assistance to support ongoing pool operations.

Headquartered in the United States, Latham Group maintains manufacturing and distribution centers throughout North America and Europe.